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15 Jul 2014

IMF suggests cash transfers to improve subsidies targeting

The International Monetary Fund (IMF) published 9 July a report on subsidies in the Middle East and North Africa (MENA) region, also outlining the necessary triggers for reform.


The"...

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15 Jul 2014

Al-Sisi decides to merge ‘Long Live Egypt’ and the 306306 Fund

A meeting held during a breakfast banquet on Sunday by President Abdel Fattah al-Sisi with a group of businessmen led to the formation of a committee comprised of both businessmen and government officials to manage the Long Live Egypt Fund, and to determine its work programme and spending"...

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15 Jul 2014

US offers Egypt late invite to Africa summit

The United States has invited Egypt to an African leaders summit in Washington next month, after initially barring Cairo following the military's coup against the former Muslim Brotherhood-led government.


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15 Jul 2014

Egypt's new subsidy system tackles bread consumption

Government hopes to cut waste and state-spending on wheat by rationing bread and diversifying subsidised commodities available to poor.

Egypt has rolled out a series of reforms to its decades-old bread subsidy system in the hopes that it will reduce the nation's bread consumption and minimise corruption.

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15 Jul 2014

Syrian refugees in Egypt determined to get to Europe

Syrian refugees in Cairo are bidding farewell before setting off for the north coast — and beyond, to southern Europe — in greater numbers. At baladi bars serving warm, tucked-away beers, or gatherings in homes around the city, more and more Syrians in Cairo are getting ready"...

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15 Jul 2014

ZTE Raises Forecast for 6-Month Profit as Strong 4G Sales Lift Earnings

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today raised its forecast for first-half profit as the company maintained the strong"...

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15 Jul 2014

Rimini Street Expands Rimini Street Labs Operation With Additional New Facility

Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE: SAP) Business Suite and ......

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15 Jul 2014

China's Premier Automotive Company Enters the Global Market with World Class Technology – Foton’s First Commercial Vehicle Production in Africa

Foton East Africa Ltd. is pleased to announce the production of its VIEW CS2 vans, made in Foton’s manufacturing hub in Kenya, has begun. The press release was held at the KICC exhibition center in Nairobi to celebrate the launch of Foton’s VIEW CS2. In attendance at the press"...

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15 Jul 2014

SMBC Aviation Capital Orders 115 Airbus Aircraft in $11.8bn Deal

SMBC Aviation Capital, the world’s third largest aircraft lessor, announces that it has placed a firm order with Airbus for 110 A320neo aircraft and five A320ceo aircraft in a deal worth around $11.8bn at list prices.


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15 Jul 2014

231 Beggars Arrested in Abu Dhabi during the First Two Weeks of Ramadan

The Abu Dhabi Police GHQ has announced that as many as 231 beggars were arrested across the city of Abu Dhabi in two weeks since the start of the Holy Month of Ramadan, as part of the policing and security efforts to curb this scourge.


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